McShane Construction Completes Student Housing Development Near the University of Illinois at Urbana-Champaign
ROSEMONT, IL Jeffrey A. Raday, PE, President of McShane Construction Company, announces that the firm has completed Campus Circle for joint venture partners, The Bainbridge Companies and a subsidiary of Blue Vista Capital Management. The 524-bed, 276,000-square-foot, five-story apartment complex is located at 1010 West University Ave. in Urbana, Illinois, adjacent to the University of Illinois at Urbana-Champaign campus.
With a total of 181 units, students can select from one-, two- and four-bedroom configurations with all bedrooms incorporating a private bathroom. Each apartment is outfitted with today's most desirable fixtures and finishes appealing to student renters such as open floorplans, granite countertops, high-end appliances and in-unit washers and dryers.
The assignment included 2,000 square feet of retail space on the ground floor and an adjacent five-story, 101,000-square-foot access-controlled parking garage accommodating up to 291 vehicles. McShane Construction also completed an expansive technology package providing Wi-Fi Internet connectivity throughout the entire property.
Campus Circle incorporates an on-site management and leasing office and over 13,500 square feet of amenities such as a two-story club room with a communal kitchen, 90-inch entertainment wall, various arcade games with two separate rooms equipped with the latest digital-gaming consoles, tanning bed facilities, a theater and 20 private study rooms. There is also a two-story fitness center featuring state-of-the-art strength and cardio equipment together with a yoga/dance studio.
The rooftop of the development's communal area provides a sizable covered lounge, bar with outdoor television, fire pits and seating areas while the outdoor swimming pool and kitchen, located within the property's courtyard, offers additional outdoor entertainment space.
"We utilized our depth of experience in delivering contemporary, Class A rental properties to augment the goals and objectives of this project," said Raday. "The finished property offers a balance of residential units and communal spaces that meet student lifestyles while aligning with the quality and budget of our valued clients, The Bainbridge Companies and Blue Vista Capital Management."
Charlan Brock & Associates, Inc. was the project architect for this off-campus student housing assignment. The property is being managed by Peak Campus.